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Textron (TXT) Stock

Profile

Country:

United States

IPO:

22 December 1947

Indexes:

Description:

Textron Inc. is an industrial conglomerate in the defense and aerospace industry. Founded in 1923. Textron Aviation is a leader in general aviation, producing, selling, and servicing Beechcraft and Cessna aircraft, as well as servicing Hawker business jets. Bell includes military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. The Textron Systems segment includes unmanned aerial vehicles and ground systems, marine vessels, armored and specialty vehicles, advanced flight training devices, and other products and services to support defense and aviation missions. Industrial develops and manufactures various products within the product lines of fuel systems, functional components, and specialized vehicles. The Finance segment provides financing programs for buyers of new and pre-owned aircraft from Textron Aviation and helicopters from Bell.

Key Details

Price

$75.73

TTM Dividend Yield

0.11%(+10.00% YoY)

PE Ratio

16.60(-3.60% YoY)

Beta

0.94

Events Calendar

Earnings

Next earnings date:

Jan 22, 2025

Recent quarterly earnings:

Oct 24, 2024

Recent annual earnings:

Jan 24, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Dec 13, 2024
Splits

Next split:

N/A

Recent split:

Aug 27, 2007

Analyst ratings

Recent major analysts updates

23 Dec '24 Barclays
Overweight
25 Oct '24 UBS
Sell
25 Oct '24 Baird
Outperform
14 Oct '24 JP Morgan
Neutral
25 Sept '24 TD Cowen
Hold
08 Aug '24 Morgan Stanley
Equal-Weight
23 July '24 B of A Securities
Buy
22 July '24 Citigroup
Buy
19 July '24 UBS
Sell
19 July '24 TD Cowen
Buy

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Institutional Ownership

Textron Secures Contract to Support UH-1Y and AH-1Z Aircraft
Textron Secures Contract to Support UH-1Y and AH-1Z Aircraft
Textron Secures Contract to Support UH-1Y and AH-1Z Aircraft
TXT
zacks.com26 December 2024

TXT's division, Bell, has won a contract to offer program management, engineering, and logistics support for UH-1Y and AH-1Z helicopters.

Textron Stock Falls After Strike, I Still See Opportunities
Textron Stock Falls After Strike, I Still See Opportunities
Textron Stock Falls After Strike, I Still See Opportunities
TXT
seekingalpha.com18 December 2024

Textron's stock has not performed well, increasing by only 9.5% while the S&P 500 rose by 53.6%, mainly due to challenges in its Industrials sector and a recent strike. The EBITDA forecasts for Textron have been lowered, predicting a 9.7% decrease for 2024, which has also reduced the compound annual growth rate (CAGR) from 7.8% to 7.3%. Additionally, free cash flow estimates have dropped by 25.7% for 2024, leading to a decline in CAGR from 10.4% to 8.3%, largely because of rising labor costs.

Surf Air Mobility Accepts Delivery of Initial Four Cessna Grand Caravan EX Aircraft in Fleet Order from Textron Aviation
Surf Air Mobility Accepts Delivery of Initial Four Cessna Grand Caravan EX Aircraft in Fleet Order from Textron Aviation
Surf Air Mobility Accepts Delivery of Initial Four Cessna Grand Caravan EX Aircraft in Fleet Order from Textron Aviation
TXT
businesswire.com05 December 2024

LOS ANGELES--(BUSINESS WIRE)--Surf Air Mobility Inc. (NYSE: SRFM) has announced that it has received four Cessna Grand Caravan EX turboprop planes from Textron Aviation. These planes are the first from Surf Air's earlier fleet order with Textron Aviation. Additionally, Surf Air is financing two of these aircraft through operating leases with ITC-AeroLeasing, Inc., a current financing partner.

TXT's Arm Delivers 5 T-6C Texan II Training Jets to Vietnam Air Force
TXT's Arm Delivers 5 T-6C Texan II Training Jets to Vietnam Air Force
TXT's Arm Delivers 5 T-6C Texan II Training Jets to Vietnam Air Force
TXT
zacks.com27 November 2024

Textron Aviation Defense, a division of Textron, has provided five Beechcraft T-6C Texan II aircraft to assist with pilot training in Vietnam.

History-Making Beechcraft T-6C Texan II Sale Supports the U.S.-Vietnam Comprehensive Strategic Partnership, Advances U.S. Interests in the Indo-Pacific Region
History-Making Beechcraft T-6C Texan II Sale Supports the U.S.-Vietnam Comprehensive Strategic Partnership, Advances U.S. Interests in the Indo-Pacific Region
History-Making Beechcraft T-6C Texan II Sale Supports the U.S.-Vietnam Comprehensive Strategic Partnership, Advances U.S. Interests in the Indo-Pacific Region
TXT
businesswire.com25 November 2024

WICHITA, Kan.--(BUSINESS WIRE)--Textron Aviation Defense has announced that five Beechcraft T-6C Texan II Integrated Training System (ITS) aircraft have arrived to support the pilot training program of the Vietnam Air Defense Air Force (ADAF) at Phan Thiet Airbase. This significant delivery marks the arrival of the first of 12 T-6C Texan II ITS aircraft, demonstrating the timely completion of the first Foreign Military Sales (FMS) program between the U.S. Air Force (USAF) and the ADAF, which was contracted in August.

Jet.AI Signs Agreement on Cessna Citation CJ4 Gen2 Fleet Order from Textron Aviation for Fractional Program
Jet.AI Signs Agreement on Cessna Citation CJ4 Gen2 Fleet Order from Textron Aviation for Fractional Program
Jet.AI Signs Agreement on Cessna Citation CJ4 Gen2 Fleet Order from Textron Aviation for Fractional Program
TXT
globenewswire.com22 November 2024

On November 22, 2024, in Las Vegas, Jet.AI Inc., a company focused on private aviation and artificial intelligence, revealed that it has signed a deal with Textron Aviation Inc. to buy three Cessna Citation CJ4 Gen2 planes.

TXT's Arm Delivers First Aeromedical Aircraft to Peruvian Air Force
TXT's Arm Delivers First Aeromedical Aircraft to Peruvian Air Force
TXT's Arm Delivers First Aeromedical Aircraft to Peruvian Air Force
TXT
zacks.com20 November 2024

Textron Aviation, a division of Textron, has announced that it has delivered its first multi-mission Beechcraft King Air 360CHW aircraft to the Peruvian Air Force.

Textron Secures a $276.8M Contract to Supply T-54A Training Aircraft
Textron Secures a $276.8M Contract to Supply T-54A Training Aircraft
Textron Secures a $276.8M Contract to Supply T-54A Training Aircraft
TXT
zacks.com19 November 2024

TXT has won a contract worth $276.8 million to produce and deliver 26 T-54A trainer aircraft along with additional support equipment.

Textron Inc. (TXT) Q3 2024 Earnings Call Transcript
Textron Inc. (TXT) Q3 2024 Earnings Call Transcript
Textron Inc. (TXT) Q3 2024 Earnings Call Transcript
TXT
seekingalpha.com24 October 2024

Textron Inc. (NYSE:TXT) will hold its Q3 2024 Earnings Conference Call on October 24, 2024, at 8:00 AM ET. The call will feature company representatives, including David Rosenberg, Scott Donnelly, and Frank Connor, along with analysts from various financial institutions. Participants are currently in listen-only mode.

Textron (TXT) Q3 Earnings and Revenues Lag Estimates
Textron (TXT) Q3 Earnings and Revenues Lag Estimates
Textron (TXT) Q3 Earnings and Revenues Lag Estimates
TXT
zacks.com24 October 2024

Textron (TXT) reported quarterly earnings of $1.40 per share, which is lower than the Zacks Consensus Estimate of $1.46 per share. This is also a decrease from the earnings of $1.49 per share from the same period last year.

FAQ

  • What is the primary business of Textron?
  • What is the ticker symbol for Textron?
  • Does Textron pay dividends?
  • What sector is Textron in?
  • What industry is Textron in?
  • What country is Textron based in?
  • When did Textron go public?
  • Is Textron in the S&P 500?
  • Is Textron in the NASDAQ 100?
  • Is Textron in the Dow Jones?
  • When was Textron's last earnings report?
  • When does Textron report earnings?
  • Should I buy Textron stock now?

What is the primary business of Textron?

Textron Inc. is an industrial conglomerate in the defense and aerospace industry. Founded in 1923. Textron Aviation is a leader in general aviation, producing, selling, and servicing Beechcraft and Cessna aircraft, as well as servicing Hawker business jets. Bell includes military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. The Textron Systems segment includes unmanned aerial vehicles and ground systems, marine vessels, armored and specialty vehicles, advanced flight training devices, and other products and services to support defense and aviation missions. Industrial develops and manufactures various products within the product lines of fuel systems, functional components, and specialized vehicles. The Finance segment provides financing programs for buyers of new and pre-owned aircraft from Textron Aviation and helicopters from Bell.

What is the ticker symbol for Textron?

The ticker symbol for Textron is NYSE:TXT

Does Textron pay dividends?

Yes, Textron pays dividends. The last payment was $0.02, with an ex-dividend date on 13 December 2024

What sector is Textron in?

Textron is in the Industrials sector

What industry is Textron in?

Textron is in the Aerospace & Defense industry

What country is Textron based in?

Textron is headquartered in United States

When did Textron go public?

Textron's initial public offering (IPO) was on 22 December 1947

Is Textron in the S&P 500?

Yes, Textron is included in the S&P 500 index

Is Textron in the NASDAQ 100?

No, Textron is not included in the NASDAQ 100 index

Is Textron in the Dow Jones?

No, Textron is not included in the Dow Jones index

When was Textron's last earnings report?

Textron's most recent earnings report was on 24 October 2024

When does Textron report earnings?

The next expected earnings date for Textron is 22 January 2025

Should I buy Textron stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions